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Building on the existing partnership with Apple, IBM also announced that both the companies will combine their AI and machine-learning technologies to make it easier for developers to build secure AI-powered solutions.

Microsoft Corp, Oracle Corp and IBM — looking to stoke demand for cloud computing services — are said to be shifting incentives for their sales representatives, pushing them to ensure their customer base.

Among enterprises either actively considering, or in the process of deploying blockchain technology, more than four in 10 (43 per cent) ranked IBM first – more than twice the proportion selecting second-placed Microsoft (20 per cent).

The breakthrough, outlined in a research paper to be published, uses a technique that could eventually allow quantum computers to solve difficult problems in chemistry and electro-magnetism that cannot be solved by even the most powerful supercomputers today.

Research scientists at IBM have set a new world record for storing data on tape, and managed to store over 330TB of uncompressed data on a single tape cartridge. The cartridge itself is so small that it would easily fit in someone’s hands. IBM worked with Sony on this.